The Bank of England will release its monetary policy summary and announce the interest rate on September 19, at 14:00 MT time.
The greenback may rise on the release
The level of monthly PPI for the US will be out on April 11 at 15:30 MT time.
The indicator represents the change in the price of finished goods and services sold by producers. Last time the indicator came out lower, than analysts’ expectations. The actual figures disappointed the market and weakened the USD. Let’s see if it can support the greenback this time.
• If PPI is higher than expected, the USD will rise.
• If PPI is lower than expected, the USD will fall.
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.